Two Tube Trading

Dear Forex Trader
(Life Trading)
2-Tube Trading is the Multiple Time Frame Trading with the CCI-Indicator & the Pivotals created by an advanced level Trader. You can put more indicators in it. Feel free to do so. For me as a professional A-Trader the CCI is like an aspirator tube of all the noises in the Forex Market and I feel excellent with it when comparing over different time frames. I don't trust trading systems basically and like more to take a look at the market structure where I can get an impression when cycling through the time frames. If the market seems for me instable I like to stay on the sideline and wait and I have the psychological power to do so. For the theoretical basics and many practical trading examples see the "TASAYC"-Sytem, please: http://www.forexfactory.com/showthread.php?t=325369, and a brief summary, see p.12, #178, please. (Further Examples you could get under "Time Cell Trading" http://www.forexfactory.com/showthread.php?t=249257).

CCI
So it really simplifies things. Then if you carefully look at some of his patterns (e.g. the tops & the bottoms or the zero-line reject), you notice something. All those patterns show fundamentally sound trading opportunities in the price action (due to support and resistance concepts usually). I recommend using the CCI indicator with the Pivotals, MTFA (and the price action). That's it.

Be aware
Despite the nonexistence of the magic formula there are certainly high probability ways of trading the forex market. At FF the most comments are focused on the Method part, but you need to combine Method with both Money and Mind in order to attain success in the trading business.

To reach for the stars?
This thread hasn't the intention to get hold of the Holy Grail, whether it truly exists or not. A lot of traders seek the perfect formula that is capable of predicting with 100% accuracy the future price movements. Want to know where it lies? It only exists in the creative part of the mind - together with fairies and gnomes.

Experienced Trader's Success?
I believe that an important factor of trading success lies in the matching of Method with the trader's own personality and trading style. I will give practical examples here and there of my Method, my personality and my trading style when I have the time and the love to do it. For Beginners: Look also at "25 Rules of...", p.80, #1198;

Disclaimer:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. Trading rules and traded orders may be subject to interpretation. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk. Use the ideas and/or modify them to suit your trading style. I recommend testing your trading system on demo account before investing real money.

Planned risk levels may be increased dramatically under extreme market conditions.

You could attend this trading mass if you like it - if not keep moving!

Kindest regards
FXcube

Basics of Forex - Theoretical Foundations
http://www.babypips.com/school/
http://forex-strategies-revealed.com/
http://stockcharts.com/help/doku.php?id=chart_school

Helpful Tools & Links
Correlation Table: http://www.forexticket.co.uk/en/tool...1-correlation;
Pivotals: http://www.actionforex.com/markets/p...2010040848154/;
Time Zone, p.17, #254;

Templates & Indicators
3-Indicator-Template, White, 3-indicator-template, white.tpl, PivotsD_v5.mq4, 123PatternsV6.mq4, 123Alarms.mq4, p.1, #13;
7-Indicator-Template, White, 7-indicator-template, white.tpl, (CCI, EMA8, EMA21, EMA55, SMA200, 123PatternsV6, Pivotals), p.5, #67;
10-Indicator-Template, black, 10-indicator-template, black.tpl, (..., Advanced ADX, wellxAMA, TEMA, iPanel-Indicators, Road Blocks), p.12, #179; Clear Template, clear.tpl, p.15, #217; 6-Indicator-Template, 6-indicator-template.tpl, (...,TEMA-RLH, TSR-Ranges-5Digit, BB), p.15, #219; 7-Indicator-Template, 7-indicator-template.tpl, (...Advanced ADX14), p.15, #221; S-14I-Template, s-14i.tpl, p.18, #257; S-8I-Template, s-8i.tpl, p.18, #260; S-3I-Template, s-3i.tpl, p.17, #270; S-I14-Template, s-i14.tpl, p.24, #354,-#357;

Templates & Indicators from FF-Members
"bfree", DRBobCCI !!!.mq4, TriCCI_Woodies.mq4, ACC+BAL+MARG-INDI.mq4, p.133, #1992; SL+TP-OE PIP CALC INDY-V2.mq4, p.133, #1993;

Reading Tip
p.2,#26;#29;p.3,#34;#35;#36;#48;#57;p.5,#69;#75;p.6,#79;#82;#88;#89;#90;p.7,#91;#103;p.9,#135;p.10,#137;#138;#143;#144;p.12, #167;#178;p.14,#210;p.16,#239;p.18,#261;#270;p.20,#286;#288;#289;p.22,#316;#319;p.28,;;;;;;; ...under way!, p.68,#1016;p.72,#1073;#1075;p.76,#1126;p.94,#1404; p.105,#1561;

Constitutive Ideas
Constructive inputs with new ideas and EAs/Indicators(Scripts
"Hatzerim", CloseAll.mq4, p.14, #196; Trailing Stop EAs for MT4 - Link, p.14, #197; "dryclean", Delete all Pending.mq4, p.14, #203; "Forexcube", PriceAlert.mq4, p.16, #229; "Sandovich", ToR_1.20.mq4, xppivotalerts.mq4, p.20, #287; "dryclean", 1-Click Buy.mq4, 1-Click Sell.mq4, p.22, #323; "dryclean", [EA]Go2SamePoint.mq4, p.22, #329, p.68, #1019; "jth", tradeduplicator.zip, p.35, #514; (The same, p.48, #718, Attachment, #720, p.50, #741; How to Install: p.51, #752); (MasterYoda, another Client Version: TradeDuplicatorClient.mq4, p.50, #744); "dryclean", p. 52, #771 (#774 , UpdateStops.mq4, #775); "dryclean", i-Profittracker.mq4, p.55, #812 (see Image: p.55, #809); "MasterYoda", p.63, #931, #932; "dryclean", p.63, #933; "dryclean", MTF_Fractals.mq4, p.78, #1163; "rbetancor", p.67, #1167; "astock", usdx, p.80, #1199;
Cordial thanks!

Forex Articles & Links
Forex Double Top Chart Pattern, p.1, #10; Forex Trading - Scalping, Swing Or Position?, p.2, #16; Can Forex Be Dangerous?, p.4, #56; Forex Market Hours, p.5, #66; Money Management-Link, p.27, #394,#395; Exit Strategies-Link, p.27, #396,#397; ECN Broker, p.27, #400,#401,#403; The 6 Most-Traded Currencies And Why They're So Popular, p.48, #713; Commodity Prices and Currency Movements, p.72, #1077; "Do The Right Thing" For Trade Breakouts, p.91, #1357; Timing Trades With The Commodity Channel Index, p.91, #1359; Complex trading system #8 (CCI Divergence Breakout), p.94, #1401; CCI Forex Floor Trader System, p.94, #1402; Forex Strategy "EMA + Laguerre + CCI", p.99, #1472; Scalping Forex Strategy, p.99, #1473, #1474, #1475; Forex Strategy Trend Line + CCI Divergence, p.99, #1477; A Beginner's Guide To Scalping In The Forex Markets, p.132, #1978; Tough Lessons on Money Management in Forex Trading, p.139, #2071; 5 Forex Day Trading Mistakes To Avoid, p.140, #2092; 10 Ways To Avoid Losing Money In Forex, p.140, #2093; "Do The Right Thing" For Trade Breakouts, p.151, #2265;

E-Books
The 25 Point Mantra, p.12, #167; Trend Forecasting With Technical Analysis, p.12, #168; Make The Trend Your Friend In Forex, p.12, #169; Forex Books - Link, p.12, #170; Money Management Forex Books, p.27, #398, #399; Journals, Link, p.60, #891;

LOM
Are you here because the market have humbled you more times than you care to remember? If so, read LOM, please. Are you here because you need to change the way you behave relative to the action you see in the markets? In this case read, LOM, again, please.
Loss Order Management (LOM), p.3, #35, #36; LOM-Example, p.26, #384; MM/LOM, p.27, #392; LOM or Stop Loss?, p.53, #781; Example, p.145, #2167;

LTT - PO
Long/er Term Trades - & LTT Pending Orders - Approximate Values
NZDUSD,p.5,#63; USDCAD,p.5,#64; USDDKK,p.5,#65; EURTRY,p.5,#66; GBPAUD,p.5,#67; USDCZK,p.62,#918; AUDNZD,p.72,#1076, p.73, #1082; USDJPY, p.101, #1503; EURUSD, p.103, #1539; EURUSD, p.104, #1546; USDDKK, p.104, #1550; USDINR, p.122, #1814;
LTT - PO are outsourced at 2012 Mai 22, p.121, #1815, see http://www.forexfactory.com/showthre...=1#post5688365, please.

MQL4
PipPoint function, p.119, #1776; Trailing Stop - Buy Market Order, p.131, #1962;

Music
p.66, #983; p.129, #1928;

---
Demo Account
"100K-Client-Demo-Account", Beginning Date: 2012 March 26, History: 2012 March 29, Equity: 102'006.46$, Profit: +2'006.46$, (+2%), Target: 1% per Day, p.53, #790; Actual: see http://www.forexfactory.com/forexcube

***
FX Philosophy
Forex Trading is very risky and will help you to loose all your money fast and easy. Why?...if only because 95% loose his money at forex trading as they do what they are doing. If you have enough money at your account and a realistical money management and your account could be managed by patience, may be you've got a better chance not loosing all of your money after several years of experience... but don't be so green and be happy if you are winning some coins only sometimes. More risky settings could be focus if the market probabilities will be greater. The trading journal hasn't the intention to show investments with the highest likelihood and highest probabilities, it will be still extent in the jungle of the forex market with better chances for making a profit. The trading decisions are completely businesslike, hardheaded, unemotionally & pracmatical. That could be a reason for hedging the positions in ranging markets for several days or weeks sometimes, dependent from the timeframe you needed.
***

Real Accounts
("Swing Trade Accounts", Target: 0.5% per Day), Beginning Date: 2012 April 05, see p.60, #889; Trading Plan: p.62, #925; History: p.65, #967; 2012 April 10, p.66, #981; 2012 April 11, p.70, #1040; p.73, #1088; 2012 Mai 01: p.95, #1411;
Actual: 2012 Mai 07, p.101, #1514;
("Scalping Account", Target: 1.25 % per Day), Beginning Date: 2012 April 16, (*370.-$), see p.95, #1415; p.77, #1144; Trading Plan: p.77, #1143, corrected: p.118, #1758; MM-Concept: p.99, #1482; History: 2012 Mai 01, p.94, #1409; 2012 Mai 04: p.98, #1467; 2012 Mai 07, p.101, #1513; 2012 Mai 14, p.107, #1602; 2012 Mai 28, p.126, #1886; 2012 Mai 29, (*750.-$ 1st), p.127, #1895;
Actual: 2012 June 13, p.146, #2187;
-
Total: 2012 Mai 24, p.124, #1850; History: 2012 Mai 02, p.95, #1412;

Closed Accounts
Accounts will be closed when they have crossed the 50%-Profit-Limit or more (max.200%).
Deposit: 5'000.-$, Beginning Date: 2012 February 29, Closed at 2012 March 08, Equity: 7'533.20$, Profit: +2'533.20$, (50% within 8 Trading Days!), Profit Trades: 781, Loss Trades: 1, History File, see p.11, #164;
Deposit: 500'000.-$, Beginning Date: 2012 March 04, Closed at 2012 March 13, Equity: 1'054'157.71$, Profit: +554'157.71$, (110.8% within 2 Weeks!), Profit Trades: 721, Loss Trades: 1 ; p.17, #247;
___

This thread was closed at 2012 June 18, see p.153, #2289;
_____
Label:
LOM = Loss Order Management; LT = Life Trading; LTT = Longer Term Trade; STT = Shorter Time Trading; MTFA = Multiple Time Frame Analysis; PO = Pending Order; S = Scalping; ST = Swinging Trade; 1/10 = 0.1 Lot; SL = Stop Loss, TS = Trailing Stop

Disclaimer:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. Trading rules may be subject to interpretation. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk. Use the ideas and/or modify them to suit your trading style. I recommend testing your trading system on demo account before investing real money.

Planned risk levels may be increased dramatically under extreme market conditions.

Kindest regards
FXcube

Search Engines
https://www.startpage.com/
http://duckduckgo.com/

AUDNZD, H4, 2012 February 29

Short @ 1.2855 (1/10)

Target @ 1.27

Scalping

EURUSD, M1, 2012 March 01

Possible Entry- & Exit Levels.

EURUSD, H4/Daily, 2012 March 01

PO Short @ 1.3373 (DP) (5/10)

Target @ 1.3202 (S2)

EURUSD, Daily, 2012 March 01

EURUSD, M1, 2012 March 01

Short @ 1.3332 (3/10)

Target @ 1.3262

EURUSD, H4, 2012 March 01

Double Top.

PO Short @ 1.3365 (5/10)

Target @ 1.3202 (DS2) (3/10), @ 1.3147 (mS3) (2/10)

Forex Double Top Chart Pattern
Double Top formations are reversal patterns and often seen to be among the most common (together with double bottom formations) patterns for currency trading. Double Tops are identified by two consecutive peaks of similar (or almost) height with a moderate pull back in between (neckline).

The double top can be a major reversal pattern (if found on a daily chart or bigger timeframe) that can be formed after an extended uptrend. This pattern is confirmed when the currency pair price breaks from (it's second peak) above through the neckline, the most likely price direction is now DOWN.

What does a Double Top Formation look like?

http://www.aboutcurrency.com/images/.../doubletop.gif

A double top formation is a distinct chart pattern characterized by a rally to a new high (peak1 or resistance1) followed by a moderate pull back (10 -20%) to the neckline (support level) and a second rally to test a new high ( peak2 or resistance2) again.

The two peaks (highs or resistance levels) are at approximately the same price level. What follows is a pull back to below the neck line (support).

How to trade this pattern?

http://www.aboutcurrency.com/images/...leTopTrade.gif

Go short below the Neck Line (support level) when the currency pair price breaks from (it's second peak) above, the most likely price direction is now DOWN. Place your stop couple of pips above the second peak price!

Your target must be at least twice the distance from it's second peak break to the neckline.

Example: If the second peak is at 1.2500 and the neckline is at 1.2425, your target level must be at least 150 pips when trading the break out!

Chart example

http://www.aboutcurrency.com/images/...al_pattern.gif
GBP/USD 1 Hour Double Top reversal chart pattern

http://www.aboutcurrency.com/univers..._pattern.shtml

Double Top
A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.

http://i.investopedia.com/inv/dictio.../Doubletop.gif

http://i.investopedia.com/assets_v2/img/icon_inv.png
Investopedia explains 'Double Top'
The double top looks like the letter "M". The twice touched high is considered a resistance level.

Read more: http://www.investopedia.com/terms/d/...#ixzz1npPX24Ht

Trading Double Tops and Double Bottoms

http://www.investopedia.com/articles...#axzz1npOyCbbU

3-Indicator-Template, White
See attachment, please.

GBPAUD, Weekly, 2012 March 01

PO Long @ 1.47 (1/10)
PO Long @ 1.45 (1/10)

I personally feel that "scalping" and swing type of trading best fits my psychological profile. I am comfortable taking moderate, measured risks in an attempt to capture what I consider to be significant profits in percentage terms of my account equity. Also, especially as an on-line trader I prefer to trade in and out quickly by "scalping" profits from the markets through the use of small, frequent trades. Discipline and adherence to a pre-planned strategy is critical in successful applications of both of these types of trading. Long term position trading might be just as well in combo with the Carry-Trades.
Kindest regards
FXcube

Forex Trading - Scalping, Swing Or Position?
By Danielle Franklin

Forex trading brings together a crowd of completely different people - diverse professional background, unique personalities, unlike financial and marital status, location, gender, age, political and religious preferences, and finally different trading styles. What are those trading styles? Which one is most profitable? How to figure out which style suits you best?

You can choose to be Scalper, Swing trader or Position trader. To say for sure which one is most profitable is impossible, because most professional traders mix it all up. The trick is to figure out when is the right time to scalp, to swing and when it is the best to run a position.

Let's look at each trading style in details:

1. Scalping
Forex scalping tactic is the combination of high leverage and short term trade. The basic idea behind scalping is to make profits on tiny price movements, sometimes no more than 3 pips. A scalper has to focus on price action, join and get out of trades very quickly, gain each time about 5-10 pips and slowly double or triple the account.

Forex scalping, used correctly, is one of the trading styles with minimum risk involved. If you want to adopt scalping to your trading strategy, here are some things you should consider:

· Forex Broker which Supports Scalping
Many forex brokers do not allow scalp trading, since entering and exiting trades causes a broker to lose money. Take an extra time to find out whether your online broker supports scalping.

· Strict Exit Strategy (both good and bad trades)
Stick to the plan and be disciplined. Staying in the trade "just a little bit more" can bring catastrophic results.

· High Leverage
Scalper uses higher than normal leverage, however keep in mind that forex market can easily move against you and cause significant account losses.

· Automated scalping strategy
Since scalping involves short stays in the market (no longer than several minutes), a lot of scalpers automate their set of rules to ensure the speed and consistency. Some forex trading platforms, such as MetaTrader 4, allow executing your system on every tick.

· Support and Resistance Levels
Find support/resistance levels that have worked on several occasions in the past (at new chart highs or lows).

· Look for Momentum
Is the price moving strongly towards either support or resistance level? Is there confirmation that the price momentum is about to turn? In order to get a confirmation that the price momentum won't take out support or resistance, use stochastic indicator. Stochastic lines will show you which way the market is trending. To read the hint right and take a trade, look for stochastic lines which cross each other and point either up (showing support has won!) or pointing down (showing resistance has won!).

2. Position Trading
Position trading involves entering a position and holding it for quite a while (days, weeks, months or even years), or until the reason why you entered a trade in the first place (usually based on fundamental analysis) is unchanged.

When position trading, focus on:

· Average Trades
Weekly 3-bar pattern is a great strategy for forex position trading, used on daily and weekly frames.

· Decisions
Base your trading decision on fundamental data. The basic fundamental analysis includes political and economic changes. Position trader should get information about unemployment forecasts, economic policies, inflation, political principles, and growth rates.

· Position Size
A size position in position trading should be rather small, since you have to be able to endure daily price movements. To make this happen, the leverage used in position trading has to be rather small. Since it is possible for a currency pair to jump up and down as much as 3% in just a day, your account will be empty if your leverage preference is more than 1:30.

· Trading Frequency
In position trading, the number of trades are kept to minimum. In a way, a long term position can cause a forex trading to lose profitable opportunities forex market presents daily, however less trades somewhat decreases the number of losses.

· Time
Since position trading is all about long-term profits, you might come to the conclusion that position trader has more free time. That isn't exactly so, since the considerable amount of time needs to be invested in order to analyze and make decisions based on fundamental data. You need to become an expert in economics and politics.

· Market Trend and Volatility
Once you gain experience in reading forex news and analysis, it will be easier to understand where the market is heading to. It is also crucial to understand the consequences of each trading decision. Forex market is at times volatile and creates an uncertainty. When you trade long term positions, it is wise to avoid highly volatile periods and check out technical indicators to see when the volatility calms down.

3. Swing Trading
Forex swing trading is all about making profits from major trend movements. It is rather fast approach to learn the right from wrong and stay disciplined.

Swing trading involves the following:

· Duration and Frequency
Despite the fact that swing traders sometimes speculate on short-term currency price movements, overall they rather hold open positions for more than 24 hours. When swing trading, you have to place a trade only when a real opportunity strikes and hold it as long as necessary (few hours or even few days).

· Rollover fees
Swing trader often holds position overnight, therefore the rollover fee is charged. It is, however, rather small disadvantage compared to spread and potential profit.

· Analysis
Swing traders capture large opportunities, and therefore have to concentrate on long-term fundamental and technical analysis in order to spot a good entry.

· Support and Resistance
If swing trading is your style, you have to find (via both daily and weekly charts) valid support and resistance and focus on those points inside the trend. A good sign is when the points are on more than 3 different time-frame charts. Once you have the right support and resistance points, you can apply the trading signal.

· Confirmation
Make sure to get a confirmation via forex indicators such as momentum oscillators: stochastic and RSI (relative strength index). Keep in mind that trading without stochastic validation is not recommended.

· Stop and Target Points

Swing trading involves setting target points and stop points. Since forex swing trading is all about small fast gains, target point is important in order to gain the profit the moment the target is reached. Don't wait out "a little bit longer" - you will most definitely lose.

No matter what kind of trader you choose to be, each style is unique. While every forex trading style has its own nuances, it is necessary to master them all. A successful forex trader knows how and when to imply each style without getting carried away.

Article Source: http://EzineArticles.com/3381060

Gold, Weekly, 2012 March 01

Sell @ 1721.52 (1/100)


Yes! ,... you're reading correct: 1/100 (= 0.01 Lot)

See #8

EURUSD, H1, 2012 March 01

Exit @ 1.3283 (2/10)

Profit: +49 Pips

...and let 1/10 in the market till 1.3262 and set a SL @ 1.3330 (expected Profit: Min. +2 Pips, Max. +70 Pips)

Hey Forexcube,

I've got one more question. You are often using 123Paterns-Indi on your charts. Is it only to improve spotting reversal points and current trends or do you trade the 123 Breakout, too?

Thanks
MasterYoda

2012 March 01, 15:00 CET
5K-Account
Equity: 5'344.33$
Profit: +344.33$
(+6.8%, Basis: 5'000.-$)
Profit Trades: 56
Loss Trades: 0